The historical rank and industry rank for Ascent Industries Co's Days Inventory or its related term are showing as below:
ACNT'
s Days Inventory Range Over the Past 10 Years
Min: 114.25 Med: 141.94 Max: 186.93
Current: 121.33
During the past 13 years, Ascent Industries Co's highest Days Inventory was 186.93. The lowest was 114.25. And the median was 141.94.
ACNT's Days Inventory is ranked worse than 70.53% of 587
companies
in the Steel industry
Industry Median: 87.83
vs ACNT: 121.33
Ascent Industries Co's Days Inventory
declined
from Sep. 2023 (164.04) to Sep. 2024 (111.28).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ascent Industries Co's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.82.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ascent Industries Co's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 1.04.
Ascent Industries Co Days Inventory Historical Data
The historical data trend for Ascent Industries Co's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Ascent Industries Co's Days Inventory
For the Steel subindustry, Ascent Industries Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ascent Industries Co's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ascent Industries Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ascent Industries Co's Days Inventory falls into.
Ascent Industries Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ascent Industries Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ascent Industries Co (NAS:ACNT) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Ascent Industries Co's Inventory Turnover for the
three
months ended in Sep. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ascent Industries Co's Inventory to Revenue for the
three
months ended in Sep. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Ascent Industries Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Ascent Industries Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.
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